Clarendon Private LLC Purchases New Shares in Apple Inc. (NASDAQ:AAPL)

Clarendon Private LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,300 shares of the iPhone maker’s stock, valued at approximately $6,085,000. Apple accounts for approximately 6.4% of Clarendon Private LLC’s investment portfolio, making the stock its 2nd biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bull Oak Capital LLC boosted its position in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the period. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter worth about $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple during the 3rd quarter worth about $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAPL. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Wells Fargo & Company raised their price target on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein raised their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $243.65.

Apple Stock Down 0.6 %

Shares of AAPL stock opened at $212.69 on Wednesday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The firm has a market cap of $3.20 trillion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The stock has a 50 day moving average of $233.31 and a 200-day moving average of $233.60. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.